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CPO Futures End Higher On Firmer Oil Prices, Rival Vegetable Oil Futures
CPO prices to hold around RM4,400 per tonne in June 2026 - MPOC
SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Palm oil outlook firm on supply tightening
Cess collection to fund CPO burning project resear
CESS collected to support the crude palm oil (CPO) burning project,amounting to RM1.2 million, will go to the Malaysian Palm Oil Board (MPOB)to finance the ongoing research and development (R and D) of the project.
Indon firm files US$26m suit against Guthrie
A LEGAL claim for US$25.76 million (US$1 = RM3.80) has been filed againstKumpulan Guthrie Bhd by Indonesia's P.T. Adhiyasa Saranamas which isalleging breach of contract by the Malaysian company.
No more measly wages for estate workers
IPOH - The deal on the minimum wages for rubber tappers and generalworkers in estates is expected to be sealed before year end and will beimplemented early next year.
CPO Production Down 3 Pct To 897,063 Tonnes In Jul
KUALA LUMPUR, Aug 13 (Bernama) -- Malaysia's total crude palm oil (CPO)production in July declined 3.01 percent or 27,792 tonnes to RM897,063tonnes from 924,855 tonnnes in June, according to the preliminary figuresreleased by Malaysian Palm Oil Board (MPOB).
Indian Edible Oil Imports Start To Rise With Festi
NEW DELHI, Aug 13 (Bernama) -- With the festive season in India fastapproaching, the demand for edible oil has started to increase.
Poor Palm Oil Incomes A Blessing For Some Felda Fa
KUALA LUMPUR, Aug 12 (Bernama) -- The Felda settlers of Jengka 15 in theMaran district of Pahang had depended on their oil palms aka the "goldentree" for their livelihood for about 25 years but poor prices and fallingoutput two years ago had taken a toll on their incomes.
Ample money for 2002 Budget
Four consecutive years of fiscal deficit does not seem to hindergovernment spending. Aided by higher palm oil and petroleum prices,domestic liquidity remains ample to finance future government expenditureunder the forthcoming 2002 Budget.
CPO burning project set to be shelved
THE Government is pulling the plug on the project to use crude palm oil(CPO) as fuel for power generation following the sharp improvement in thecommodity's prices of late.
Pakistani agency proposes additional 15% duty on i
ISLAMABAD - The Small and Medium Enterprises Development Authority (Smeda)has proposed to the ministry of industries and production that 15 percentadditional duty should be imposed on imported edible oil to protect thelocal growers involved in the production of edible oil, Smeda sourcesinformed Business Recorder here on Thursday.Sources said, though, prices of edible oils has increased by 70 percent inthe international market during recent months, necessary measures wererequired to protect the local industry from this onslaught.They further said, local production of edible oil has already shrunk from$ 322 million in 1998-1999 to $ 142 million in 2000-2001, and the trendindicates that the government was not encouraging the local industry bytaking required steps.Sources said, Pakistan Oilseeds Development Board (PODB) failed domesticpolicies have forced Smeda to approach the federal government foradditional steps to save the local industry which was badly needed, sothat the country could produce edible oil in such a quantity to meet thenational requirements.Although, the import of palm oil and soyabean oil have decreased by 50percent and 12 percent respectively during the previous year, however,Pakistan has spent about $ 325 million on the import of edible oil fromdifferent markets, sources added.When the Central Board of Revenue (CBR) sources was contacted to know theduties on edible oil, they disclosed that duty on edible oil is the secondhighest after cars.On the other hand, Pakistan Vanaspati Manufacturers Association (PVMA) isdemanding reduction in custom duty on edible oil, as prices of thecommodity were already skyrocketing in the international market. Likewise,prices of ghee and edible oil in the local market were being increasedevery day.Sources said, in a recent meeting, the PVMA has asked the ministry ofindustries and production to reduce duty on tin plate, so that the pricesof ghee and cooking oil could be brought under control.
